,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #dbcb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bi1 #bjba,mr4  
,mooney 7= himself & ,mr4 ,luetkemey]7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on            
,agriculture1 = a p]iod to be           
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to require f9ancial
 regulatory ag5cies to annually review  
guidance issu$1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,f9ancial ,guidance ,review ,act (      
#bjba4  #b4 ,annual review ( guidance   
7a7 ,(fice ( ! ,comptroll] ( ! ,curr5cy 
,*apt] #i ( title ,,vii ( ! ,revis$     
,/atutes ( ! ,unit$ ,/ates 7#ab         
,u4,s4,c4 #a et seq47 is am5d$ by ins]t+
 aft] section #ccc ! foll[+ new section3
  #ccc;,a4 ,annual review ( guidance    
7a7 ,9 g5]al ,! ,comptroll] ( ! ,curr5cy
 %all conduct an annual review (        

guidance issu$ by ! ,comptroll] dur+ !  
prec$+ cal5d> ye> to id5tify if any su* 
guidance may reasonably be anticipat$ to
 h an annual economic effect great] ?an 
or equal to #ajj1jjj1jjj4 ,n lat] ?an #f
 mon?s aft] ! completion ( su* review1 !
 ,comptroll] %all-- 7#a7 submit to      
,congress a report includ+ ! results ( !
 review2 &  7#b7 revoke any su* guidance
 t may reasonably be anticipat$ to h an 
annual economic effect great] ?an or    
equal to #ajj1jjj1jjj2  7#c7 publi% on a
 publicly available website ( !         
,comptroll] a notice ( any revocation   
made "u p>agraph 7#b74  7b7 ,fir/ review
 ,! fir/ su* review conduct$ "u ?is     
section %all include any guidance issu$ 
by ! ,comptroll] 9 effect on ! date su* 
review is conduct$4  7c7 ,guidance def9$
 ,! t]m guidance means /atem5t ( g5]al  
applicability issu$ by ! ,comptroll]1   
int5d$ to h a future effect on !        
behavior ( regulat$ p]sons1 t sets =? a 
policy on a /atutory1 regulatory1 or    
te*nical issue1 or an int]pretation ( a 

/atute or regulation1 & does n include--
 7#a7 a rule1 z def9$ 9 section #eea (  
title #e1 ,unit$ ,/ates ,code1          
promulgat$ pursuant to notice & comm5t  
"u section #eec su* title2  7#b7 a rule 
exempt f rulemak+ requirem5ts "u        
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7#c7 a rule ( ag5cy 
organization1 proc$ure1 or practice2    
7#d7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7#e7     
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7b7 ,bo>d (       
,gov]nors ( ! ,f$]al ,res]ve ,sy/em     
,section #b;,b ( ! ,f$]al ,res]ve ,act  
7#ab ,u4,s4,c4 #bbe;b7 is am5d$ by add+ 
at ! end ! foll[+ new subsection3  7d7  
,annual review ( guidance  7#a7 ,9 g5]al
 ,! ,bo>d %all conduct an annual review 
( guidance issu$ by ! ,bo>d dur+ !      
prec$+ cal5d> ye> to id5tify if any su* 
guidance may reasonably be anticipat$ to

 h an annual economic effect great] ?an 
or equal to #ajj1jjj1jjj4 ,n lat] ?an #f
 mon?s aft] ! completion ( su* review1 !
 ,bo>d %all-- 7,a7 submit to ,congress a
 report includ+ ! results ( ! review2   
7,b7 revoke any su* guidance t may      
reasonably be anticipat$ to h an annual 
economic effect great] ?an or equal to  
#ajj1jjj1jjj2 &  7,c7 publi% on a       
publicly available website ( ! ,bo>d a  
notice ( any revocation made "u         
subp>agraph 7,b74  7#b7 ,fir/ review ,! 
fir/ su* review conduct$ "u ?is         
subsection %all include any guidance    
issu$ by ! ,bo>d 9 effect on ! date su* 
review is conduct$4  7#c7 ,guidance     
def9$ ,! t]m guidance means /atem5t (   
g5]al applicability issu$ by ! ,bo>d1   
int5d$ to h a future effect on !        
behavior ( regulat$ p]sons1 t sets =? a 
policy on a /atutory1 regulatory1 or    
te*nical issue1 or an int]pretation ( a 
/atute or regulation1 & does n include--
 7,a7 a rule1 z def9$ 9 section #eea (  
title #e1 ,unit$ ,/ates ,code1          

promulgat$ pursuant to notice & comm5t  
"u section #eec su* title2  7,b7 a rule 
exempt f rulemak+ requirem5ts "u        
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7,c7 a rule ( ag5cy 
organization1 proc$ure1 or practice2    
7,d7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7,e7     
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7c7 ,national     
,cr$it ,union ,adm9i/ration ,title ,i ( 
! ,f$]al ,cr$it ,union ,act 7#ab        
,u4,s4,c4 #ageb et seq47 is am5d$ by    
add+ at ! end ! foll[+ new section3     
#acb4 ,annual review ( guidance  7a7 ,9 
g5]al ,! ,bo>d %all conduct an annual   
review ( guidance issu$ by ! ,bo>d dur+ 
! prec$+ cal5d> ye> to id5tify if any   
su* guidance may reasonably be          
anticipat$ to h an annual economic      
effect great] ?an or equal to           
#ajj1jjj1jjj4 ,n lat] ?an #f mon?s aft] 

! completion ( su* review1 ! ,bo>d      
%all-- 7#a7 submit to ,congress a report
 includ+ ! results ( ! review2  7#b7    
revoke any su* guidance t may reasonably
 be anticipat$ to h an annual economic  
effect great] ?an or equal to           
#ajj1jjj1jjj2 &  7#c7 publi% on a       
publicly available website ( ! ,bo>d a  
notice ( any revocation made "u p>agraph
 7#b74  7b7 ,fir/ review ,! fir/ su*    
review conduct$ "u ?is section %all     
include any guidance issu$ by ! ,bo>d 9 
effect on ! date su* review is conduct$4
  7c7 ,guidance def9$ ,! t]m guidance   
means /atem5t ( g5]al applicability     
issu$ by ! ,bo>d1 int5d$ to h a future  
effect on ! behavior ( regulat$ p]sons1 
t sets =? a policy on a /atutory1       
regulatory1 or te*nical issue1 or an    
int]pretation ( a /atute or regulation1 
& does n include-- 7#a7 a rule1 z def9$ 
9 section #eea ( title #e1 ,unit$ ,/ates
 ,code1 promulgat$ pursuant to notice & 
comm5t "u section #eec su* title2  7#b7 
a rule exempt f rulemak+ requirem5ts "u 

subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7#c7 a rule ( ag5cy 
organization1 proc$ure1 or practice2    
7#d7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7#e7     
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7d7 ,f$]al        
,deposit ,insurance ,corporation        
,section #ag ( ! ,f$]al ,deposit        
,insurance ,act 7#ab ,u4,s4,c4 #ahbg7 is
 am5d$ by add+ at ! end ! foll[+ new    
subsection3  7h7 ,annual review (       
guidance  7#a7 ,9 g5]al ,! ,corporation 
%all conduct an annual review ( guidance
 issu$ by ! ,corporation dur+ ! prec$+  
cal5d> ye> to id5tify if any su*        
guidance may reasonably be anticipat$ to
 h an annual economic effect great] ?an 
or equal to #ajj1jjj1jjj4 ,n lat] ?an #f
 mon?s aft] ! completion ( su* review1 !
 ,corporation %all-- 7,a7 submit to     
,congress a report includ+ ! results ( !

 review2  7,b7 revoke any su* guidance t
 may reasonably be anticipat$ to h an   
annual economic effect great] ?an or    
equal to #ajj1jjj1jjj2 &  7,c7 publi% on
 a publicly available website ( !       
,corporation a notice ( any revocation  
made "u subp>agraph 7,b74  7#b7 ,fir/   
review ,! fir/ su* review conduct$ "u   
?is subsection %all include any guidance
 issu$ by ! ,corporation 9 effect on !  
date su* review is conduct$4  7#c7      
,guidance def9$ ,! t]m guidance means   
/atem5t ( g5]al applicability issu$ by !
 ,corporation1 int5d$ to h a future     
effect on ! behavior ( regulat$ p]sons1 
t sets =? a policy on a /atutory1       
regulatory1 or te*nical issue1 or an    
int]pretation ( a /atute or regulation1 
& does n include-- 7,a7 a rule1 z def9$ 
9 section #eea ( title #e1 ,unit$ ,/ates
 ,code1 promulgat$ pursuant to notice & 
comm5t "u section #eec su* title2  7,b7 
a rule exempt f rulemak+ requirem5ts "u 
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7,c7 a rule ( ag5cy 

organization1 proc$ure1 or practice2    
7,d7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7,e7     
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7e7 ,bureau (     
,consum] ,f9ancial ,protection ,section 
#ajbb7;b7 ( ! ,consum] ,f9ancial        
,protection ,act ( #bjaj 7#ab ,u4,s4,c4 
#eeab7;b77 is am5d$ by add+ at ! end !  
foll[+ new p>agraph3  7#e7 ,annual      
review ( guidance  7,a7 ,9 g5]al ,!     
,director ( ! ,bureau %all conduct an   
annual review ( guidance issu$ by !     
,bureau dur+ ! prec$+ cal5d> ye> to     
id5tify if any su* guidance may         
reasonably be anticipat$ to h an annual 
economic effect great] ?an or equal to  
#ajj1jjj1jjj4 ,n lat] ?an #f mon?s aft] 
! completion ( su* review1 ! ,director  
%all-- 7i7 submit to ,congress a report 
includ+ ! results ( ! review2  7ii7     
revoke any su* guidance t may reasonably

 be anticipat$ to h an annual economic  
effect great] ?an or equal to           
#ajj1jjj1jjj2 &  7iii7 publi% on a      
publicly available website ( ! ,bureau a
 notice ( any revocation made "u clause 
7ii74  7,b7 ,fir/ review ,! fir/ su*    
review conduct$ "u ?is p>agraph %all    
include any guidance issu$ by !         
,director 9 effect on ! date su* review 
is conduct$4  7,c7 ,guidance def9$ ,!   
t]m guidance means /atem5t ( g5]al      
applicability issu$ by ! ,director ( !  
,bureau1 int5d$ to h a future effect on 
! behavior ( regulat$ p]sons1 t sets =? 
a policy on a /atutory1 regulatory1 or  
te*nical issue1 or an int]pretation ( a 
/atute or regulation1 & does n include--
 7i7 a rule1 z def9$ 9 section #eea (   
title #e1 ,unit$ ,/ates ,code1          
promulgat$ pursuant to notice & comm5t  
"u section #eec su* title2  7ii7 a rule 
exempt f rulemak+ requirem5ts "u        
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7iii7 a rule ( ag5cy
 organization1 proc$ure1 or practice2   

7iv7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7v7      
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7f7 ,securities   
,ex*ange ,commission ,section #bc ( !   
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghw7 is am5d$ by add+ at !   
end ! foll[+ new subsection3  7e7       
,annual review ( guidance  7#a7 ,9 g5]al
 ,! ,commission %all conduct an annual  
review ( guidance issu$ by ! ,commission
 dur+ ! prec$+ cal5d> ye> to id5tify if 
any su* guidance may reasonably be      
anticipat$ to h an annual economic      
effect great] ?an or equal to           
#ajj1jjj1jjj4 ,n lat] ?an #f mon?s aft] 
! completion ( su* review1 ! ,commission
 %all-- 7,a7 submit to ,congress a      
report includ+ ! results ( ! review2    
7,b7 revoke any su* guidance t may      
reasonably be anticipat$ to h an annual 
economic effect great] ?an or equal to  

#ajj1jjj1jjj2 &  7,c7 publi% on a       
publicly available website ( !          
,commission a notice ( any revocation   
made "u subp>agraph 7,b74  7#b7 ,fir/   
review ,! fir/ su* review conduct$ "u   
?is subsection %all include any guidance
 issu$ by ! ,commission 9 effect on !   
date su* review is conduct$4  7#c7      
,guidance def9$ ,! t]m guidance means   
/atem5t ( g5]al applicability issu$ by !
 ,commission1 int5d$ to h a future      
effect on ! behavior ( regulat$ p]sons1 
t sets =? a policy on a /atutory1       
regulatory1 or te*nical issue1 or an    
int]pretation ( a /atute or regulation1 
& does n include-- 7,a7 a rule1 z def9$ 
9 section #eea ( title #e1 ,unit$ ,/ates
 ,code1 promulgat$ pursuant to notice & 
comm5t "u section #eec su* title2  7,b7 
a rule exempt f rulemak+ requirem5ts "u 
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7,c7 a rule ( ag5cy 
organization1 proc$ure1 or practice2    
7,d7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      

simil> /atutory provision2 or  7,e7     
int]nal guidance direct$ to ! issu+     
ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4  7g7 ,commodity    
,futures ,trad+ ,commission ,section    
#b7;a7 ( ! ,commodity ,ex*ange ,act 7#g 
,u4,s4,c4 #b7;a77 is am5d$ by add+ at ! 
end ! foll[+ new p>agraph3  7#af7       
,annual review ( guidance  7,a7 ,9 g5]al
 ,! ,commission %all conduct an annual  
review ( guidance issu$ by ! ,commission
 dur+ ! prec$+ cal5d> ye> to id5tify if 
any su* guidance may reasonably be      
anticipat$ to h an annual economic      
effect great] ?an or equal to           
#ajj1jjj1jjj4 ,n lat] ?an #f mon?s aft] 
! completion ( su* review1 ! ,commission
 %all-- 7i7 submit to ,congress a report
 includ+ ! results ( ! review2  7ii7    
revoke any su* guidance t may reasonably
 be anticipat$ to h an annual economic  
effect great] ?an or equal to           
#ajj1jjj1jjj2 &  7iii7 publi% on a      
publicly available website ( !          

,commission a notice ( any revocation   
made "u clause 7ii74  7,b7 ,fir/ review 
,! fir/ su* review conduct$ "u ?is      
p>agraph %all include any guidance issu$
 by ! ,commission 9 effect on ! date su*
 review is conduct$4  7,c7 ,guidance    
def9$ ,! t]m guidance means /atem5t (   
g5]al applicability issu$ by !          
,commission1 int5d$ to h a future effect
 on ! behavior ( regulat$ p]sons1 t sets
 =? a policy on a /atutory1 regulatory1 
or te*nical issue1 or an int]pretation (
 a /atute or regulation1 & does n       
include-- 7i7 a rule1 z def9$ 9 section 
#eea ( title #e1 ,unit$ ,/ates ,code1   
promulgat$ pursuant to notice & comm5t  
"u section #eec su* title2  7ii7 a rule 
exempt f rulemak+ requirem5ts "u        
subsection 7a7 or 7b77#c77;,b7 ( section
 #eec ( su* title2  7iii7 a rule ( ag5cy
 organization1 proc$ure1 or practice2   
7iv7 a decision ( an ag5cy adjudication 
"u section #eed ( su* title or any      
simil> /atutory provision2 or  7v7      
int]nal guidance direct$ to ! issu+     

ag5cy or o!r ag5cy t is n int5d$ to h a 
sub/antial future effect on ! behavior (
 regulat$ p]sons4  4